BPI offers some of the most competitive home loan rates in the Philippines — starting at 6.50% fixed for 5 years. If your current rate is above 7%, refinancing to BPI through Nook could save you thousands every month.
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Why this matters
BPI Family Savings Bank is one of the Philippines' most trusted home loan providers, and in 2026 it remains a top choice for homeowners looking to refinance. With a 5-year fixed rate of 6.50% and a 1-year fixed option at 6.70%, BPI offers genuine rate relief for borrowers currently locked into older loans at 8%, 9%, or even 10%. The bank accepts a wide range of employment types — including private employees, government workers, BPO professionals, OFWs, seafarers, and the self-employed — with a minimum monthly income requirement of just 40,000 pesos. To understand exactly what documents you'll need, check out the complete BPI housing loan requirements guide.
Refinancing to BPI through Nook means you get the full benefit of our free broker service — we handle the comparison, paperwork coordination, and bank liaison on your behalf at zero cost to you. BPI's typical approval timeline is around 52 days, and with a maximum debt-to-income ratio of 40%, most homeowners with a stable income and good credit standing will qualify. Whether you're refinancing a ready-for-occupancy property, a resale home, or even taking out a home equity loan, BPI's product range covers a broad set of borrower needs. You can also use the BPI housing loan calculator to model your new monthly payment before you apply.
The key question for most borrowers is simple: how much are you currently paying, and how much could you save? For a 3,000,000 peso loan on a 20-year remaining term, moving from 8.50% to BPI's 5-year fixed rate of 6.50% translates to a meaningful reduction in your monthly amortisation — money that stays in your pocket every single month. Nook compares BPI alongside all other partner banks so you always see your best available option, not just one bank's offer. Please note that interest rates are subject to change and you should verify current rates at the time of your application.
How it works
Enter your loan details into our calculator. Instantly see what banks are offering right now and how much you'd save each month. No personal information required.
If the numbers make sense, book a free call. Your consultant compares offers from 15+ banks — something that would take you weeks to do on your own — and recommends the best option for your situation.
We manage the entire application, documentation, and bank coordination. You sign where we tell you. Your new lower payment starts next month. Nook's service is completely free — we're paid by the receiving bank.
Common questions
BPI Family Savings Bank currently offers a 1-year fixed rate of 6.70% per annum and a 5-year fixed rate of 6.50% per annum for home loan refinancing. The 5-year fixed option is particularly popular with borrowers who want payment stability over a longer period. Note that rates are subject to change — always confirm the current rate at the time of your application through Nook or directly with BPI.
To qualify, you need a minimum monthly income of 40,000 pesos and a total debt-to-income ratio of no more than 40%. BPI accepts borrowers across a wide range of employment types, including private and government employees, BPO workers, OFWs, seafarers, self-employed individuals, and licensed professionals. A clean credit history and a property with a clear title will strengthen your application significantly.
BPI's typical approval timeline for a home loan refinance is approximately 52 days from the submission of complete documents. The process includes credit evaluation, property appraisal, and legal review of the title. Applying through Nook helps streamline this process because our team helps you prepare and submit all required documents correctly from the start.
Yes, Nook's service is completely free to the borrower — there are no broker fees or hidden charges for using our platform. We are compensated by the bank, not by you. You get access to BPI's rates and a dedicated Nook advisor to guide you through the entire process, all at zero cost.
It depends on your priorities: the 5-year fixed rate of 6.50% gives you longer payment stability and is slightly lower than the 1-year fixed at 6.70%, making it a strong choice if you value predictability. The 1-year fixed may suit borrowers who expect rates to fall further and are comfortable with more frequent repricing. Your Nook advisor can help you model both scenarios based on your specific loan balance and remaining term. See the BPI home loan interest rates guide for a deeper breakdown of how these options compare.
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